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Esterquats Market Trends

Report ID: GMI7534
Published Date: Nov 2023
Report Format: PDF

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Esterquats Market Trends

A prominent trend is the increasing consumer preference for sustainable and eco-friendly products, prompting manufacturers to develop esterquats with improved biodegradability and reduced environmental impact. This aligns with the broader industry shift towards green chemistry and the demand for ingredients that meet stringent environmental standards. Another key trend is the growing popularity of multifunctional esterquats that offer not only conditioning properties but also additional benefits such as antimicrobial or antistatic functionalities. This trend is driven by the demand for versatile ingredients that can enhance the performance of diverse formulations in personal care and home care applications.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Esterquats industry was valued at USD 2200 million in 2022 and is projected to reach over USD 5296.67 million by 2032, driven by the consumer inclination towards premium personal care products and the growing awareness of the conditioning properties of esterquats.

The liquid esterquants segment held a market share of over 59.09% in 2022 and is projected to witness substantial gains by 2032, favoured by their convenience in processing and application, especially in the production of liquid fabric softeners, hair conditioners, and other personal care products.

North America esterquats market was worth USD 761.92 million in 2022 and is anticipated to expand at a significant pace from 2023-2032, driven by the booming personal care and home care industries, and consumer preference for high-quality personal care products.

BASF SE, Stepan Company, Solvay S.A., Evonik Industries, Kao Corporation are some of the major industry contenders.